Multiple outlets report that Australia’s overall participation rate has stalled compared with global peers, and argue that expanding employment among older workers could help address skills shortages. PerthNow and The West Australian both cite an estimate that the stalled participation rate costs the national economy about $29 billion each year. The coverage focuses on a potential increase of about 240,000 older workers joining or remaining in the workforce. Both sources frame the proposal as a way to add experienced labour to sectors affected by skill demand, rather than relying solely on other labour supply measures. The articles do not outline detailed policy mechanisms in the provided excerpts, but the shared theme is that participation rates could be improved by targeting barriers that affect older people’s work participation. Overall, the reporting links workforce participation gaps with broader economic and labour-market impacts and presents the older-worker workforce expansion as a potential response to skills shortages.
Proposal to boost Australia’s workforce by adding 240,000 older workers
Multiple outlets report that Australia’s overall participation rate has stalled compared with global peers, and argue that expanding employment among older workers could help address skills shortages....
- PerthNow and The West Australian say Australia’s workforce participation rate has stalled compared with global peers.
- Both sources cite an estimate that low participation costs Australia about $29 billion per year.
- Both outlets report a proposal to increase the number of older workers in the workforce by about 240,000.
- Both describe the aim as helping address Australia’s skills shortages by expanding available labour.
- Both link participation rates and economic impact to labour-market needs.
Australia’s participation rate has stalled far behind its global peers, costing the national economy an insane $29bn a year.
2 months agoAustralia’s participation rate has stalled far behind its global peers, costing the national economy an insane $29bn a year.
2 months ago
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